Event

Black Beyond Data report on Lloyd’s, 2023

Research on Lloyd’s ledgers, published on 8 November 2023, and Lloyd’s answer.

2 links, 0 backed by primary records

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Lloyd’s of London opened its archive; no editorial control Scholarship & press 1 2
Black Beyond Data researchers, funded by the Mellon Foundation Scholarship & press 1 2

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Proof 2 sources

Lloyd’s Ledgers Reveal Key Role in 18th-Century Slave Trade, The Maritime Executive, 9 Nov 2023. Scholarship & press
After allowing researchers to review its ledger books from the 18th and 19th centuries
accounting for more than one third of all known slaving voyages departing Britain in that year
the researchers reasoned that this percentage could be an undercount
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade, Reuters, via Insurance Journal, 8 Nov 2023. Scholarship & press
Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade
Lloyd’s said its Central Fund will invest $25 million in a bond administered by the African Development Bank and $25 million in a bond administered by the Inter-American Development Bank.
Lloyd’s will also spend around 12 million pounds on a program to improve recruitment and progression for Black and other ethnic minority employees
The research was funded by the Mellon Foundation, and Lloyd’s said it had no editorial control over the findings.
“There’s no way to compensate for the damage that has been done – too much has happened,” said Junior Garba, co-founder of Equity
Garba added that Lloyd’s initiatives were “a good starting point.”

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